zona franca

English translation: free trade zone

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Explanation:There is a distinction to be made between areas where goods are *moved* free of duty, customs, excise, etc., and those where the goods are actually manufactured. An obvious example of such an area is the strip on the Mex./US border, where *maquiladoras* manufacture products that will be sold directly into the US, according to US specs, but without having to "cross the border". [However, the employees will be paid Mexican wages, rather than US ones.]

Entry from Termium:

English:Foreign Trade

export processing free zone s CORRECT
EPFZ s CORRECT

export processing zone s CORRECT

EPZ s CORRECT
industrial free zone s CORRECT

DEF - A type of foreign trade zone into which equipment and raw materials may be imported duty-free and ultimately exported as finished products. s